Bitcoin’s price took an unexpected turn for the worse minutes ago as it dumped from over $121,000 to under $118,000. The altcoins have it even worse, with more painful declines that have harmed over-leveraged traders, as the total value of wrecked positions surges toward $1 billion. BTCUSD. Source: TradingView It has been quite the day…
Bitcoin prices reached a new peak of $124,130 in early trading in Asia on Thursday morning, according to CoinGecko. It traded even higher on exchanges with a premium, such as Coinbase and Bitstamp. The asset has gained 3.4% on the day, climbing from an intraday low of $119,000 and exceeding its July 14 peak of…
The blockchain analytics firm Glassnode shared its weekly report, which features various key metrics and on-chain data related to the leading cryptocurrency. Spot Metrics The spot price rebounded strongly over the past week, after re-testing the sub-$114,000 level and climbing back towards $121,000. This brought momentum back into the spot market, with several sectors showing…
Bitcoin is approaching a potential new all-time high, steadily advancing toward the $123K mark. Overall, both technical indicators and sentiment data point to continued upside potential, suggesting that the rally still has momentum behind it. By ShayanMarkets The Daily Chart On the daily timeframe, Bitcoin continues to follow a sharp ascending channel, consistently forming higher…
Bitcoin’s open interest (OI) on Binance has climbed to approximately $13.7 billion, and is nearing the mid-to-late July highs. Such a reading points to increased speculative activity in the market. All-Time High Open Interest The latest data shared by CryptoQuant shows that the rise in OI is occurring alongside a price rebound, which indicates the…
Bitcoin was stopped yesterday ahead of its all-time high, but has managed to recover some ground following the US CPI announcement for July. Many altcoins have marked mindblowing gains over the past day, including OKB, which has skyrocketed by triple digits since yesterday. BTC Bounces to $120K Bitcoin’s price actions in the past few days…
Bitcoin’s derivatives market is flashing its loudest warning signal in five years as traders pile into highly leveraged positions. According to analyst Axel Adler Jr., August’s 30-day change in the Estimated Leverage Ratio (ELR) went above +0.4 for the first time since 2020, a level that has historically come before periods of volatile price moves…
The highly anticipated US Consumer Price Index numbers for July are out, and they show that inflation in the largest economy is lower than previously expected. The regular CPI came in at 2.7% year-over-year, compared to the 2.8% estimate provided by the experts. The Core CPI, which excludes volatile sectors such as energy and food,…
Bitcoin experienced a price decline over the past 24 hours, but remains in green territory on a weekly basis. ETH held its ground at around $4,300, but several well-known altcoins plunged by double digits on a daily basis. BTC Couldn’t Keep the Momentum The primary cryptocurrency briefly surged past $122,000 on August 11, while its…
Japanese investment firm Metaplanet has acquired an additional 518 BTC for roughly $61.4 million. This latest transaction brings the company’s total holdings to 18,113 BTC. Details Of The New Transaction Metaplanet’s CEO, Simon Gerovich, shared the news in an August 12 X post, revealing that the latest buy was made at an average price of…